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Can non-UAE residents get a mortgage?

Mortgages for Non-UAE Residents

Dreaming of owning a home in the UAE without a local visa? No worries! Discover excellent options for non-resident mortgages, offering up to 75% financing to turn your dream of a holiday home or overseas investment into reality.

Key Features of Non-Resident Mortgages:

  1. Mortgage Amount:
    Explore mortgage options up to AED 20 million for purchasing homes. Eligibility is income-based, with many banks ready to support your aspirations.

  2. Interest Rates:
    Enjoy competitive interest rates ranging from 4.5% to 6.5% per annum, tailored to suit your financial needs and preferences.

  3. Tenure:
    Benefit from flexible mortgage tenures of up to 25 years, extending until the age of 65, enabling comfortable repayment plans aligned with your long-term goals.

  4. Loan to Value Ratio:
    Non-UAE residents can secure funding ranging from 50% to 75%, facilitating the purchase of your dream property in the Emirates.

  5. Financing Options:
    Choose between Conventional loans and Islamic Financing arrangements to align your mortgage with your specific financial preferences and principles.

Benefits of Non-Resident Home Loans:

  • No proof of income required in the UAE.

  • Many banks permit prepayments without charging fees, providing financial flexibility.

  • Flexible interest rate options, whether variable or fixed, in alignment with the bank's policies.

Eligibility Criteria and Documents Required

Eligibility Criteria:

Ensure you meet the following criteria:

  • Residency in a country approved by the bank.

  • Salaried or self-employed status.

  • Minimum monthly income meeting the bank's specified criteria post-tax deductions.

Documents Required:

Prepare the necessary documents for a seamless application process:

  • Valid passport as proof of identity.

  • Bank statements for the last 6 months for individuals and companies.

  • Tax returns (if applicable).

  • Credit reports from your country of residence (if available).

  • Salary certificates and pay slips.

  • For self-employed individuals: Audited statements, certificates of incorporation, trade licenses, and business profiles.

If you're interested in investing in the UAE, explore available options to finance your property purchase.